Massive Dynamics Executes Option Agreement With Developer of 3D Imaging Tools
CUPERTINO, Calif.--(BUSINESS WIRE)-- Massive Dynamics Inc. (OTCQB: MSSD) is pleased to announce that it has executed a Letter of Intent with Forty-Two LLC, headquartered in Rochester, New York. Forty-Two develops and markets tools utilized to capture 3D imagery that is often used in the replication of products through 3D printing techniques. While the companies are working together to negotiate a definitive agreement Massive has the exclusive marketing rights for Forty-Two's ZS Axis 3D imaging technologies.
"While the majority of recent news articles and videos surrounding the additive manufacturing phenomenon focus on the actual printing units, the real profits in the 3D industry will likely come from the materials, peripherals, and software necessary to support the actual fabrication processes," said Oscar Hines, CEO and Sole Director. "Through our agreement with Forty-Two we have taken a major step to position Massive Dynamics as a future one-stop shop for the additive manufacturing industry."
According to a recent article on Forbes the additive manufacturing industry will grow to more than $5 Billion annually over the next several years. Industry players such as 3D Systems Corporation (NYS: DDD) , Stratasys, Ltd. (NAS: SSYS) , and new market entrant The ExOne Company (NAS: XONE) are already reaping the benefit from the explosion in interest in 3D printing over the last year.
The Forbes article can be found at: http://www.forbes.com/sites/tjmccue/2012/03/27/3d-printing-industry-will-reach-3-1-billion-worldwide-by-2016/
About Massive Dynamics, Inc. (OTCQB: MSSD)
Massive Dynamics, Inc. is a Nevada corporation listed on the OTCQB under the trading symbol MSSD. The Company is an acquirer, developer and seller of leading edge consumer oriented technologies and products ready for rapid commercialization. More information about Massive Dynamics and its business segments can be found at http://www.massivedynamicsinc.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.
Massive Dynamics, Inc.
Oscar Hines, 408-973-7857
KEYWORDS: United States North America California New York
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